Top City Searches in Washington
Washington: The Evergreen State
Washington has an estimated population of 7,705,281 residents, making it the 13th-most populous state in the nation. The state capital is Olympia, while Seattle remains its largest city. Washington is known for being one of the wealthiest states in the country. Unemployment is lower compared to most other states, and life expectancy is quite high here. It is also one of the most socially liberal states in the nation.
Washington also boasts a thriving arts and culture scene. There are several museums in the state, such as the Washington State History Museum
, the Museum of Flight
, the Museum of Pop Culture
, and the Seattle Art Museum
. The Evergreen State is also home to a number of performing arts companies, like the Seattle Opera
, the Pacific Northwest Ballet
, and the Seattle Symphony
Sports also play a major role in the culture of Washington. Its most populous city, Seattle, is where professional sports teams, such as the Seattle Seahawks (NFL), the Seattle Mariners (MLB), and the Seattle Sounders FC (MLS), operate. The University of Washington
, Washington State University
, Seattle University
, and Seattle Pacific University
are among the many colleges and universities located here.
Other notable attractions in Washington include Olympic National Park
, Mount Rainier National Park
, the Space Needle
, and the North Cascades National Park
How Is Washington's Rental Market?
The rental market in Washington is definitely one to watch. While it is true that home prices in this state are on the expensive side, landlords can make a good living due to high rent. The median sale price
for a home in the Evergreen State is $550,000, representing a 17% year-over-year change. Rent, though, is equally high — at $1,359 in 2019. The price of rent has only been increasing since 2011.
Image via deptofnumbers.com
In addition to this, Washington is home to many renters. In fact, renters make up 37% of the state's total population. If these aren't enough to convince you, Washington also boasts a low vacancy rate. The state vacancy rate in 2019 was 4.31%, which is comparatively lower than the national rate of 5.97% in the same year.
Image via towncharts.com
Why You Need Washington Property Management Services
It is easy to see that Washington has an attractive rental market. With a wide pool of renters and relatively high rental prices, it is understandable that property investors continue to head to the Evergreen State. However, a big problem many landlords face usually has to do with hands-on management.
This is where a Washington rental management company can step in to help.
A professional management firm provides services that would make the lives of landlords much easier. While not all companies offer the same solutions, they generally include the following:
- Rental property advertising
- Tenant screening
- Rent collection
- Lease preparation and enforcement
- Property inspections
- Maintenance and repairs management
- Tenant retention and management
- Eviction proceedings
- Budget management
- Tax assistance
On the Hunt for Property Management in Washington?
Are you looking for a Washington property management company to help your rental home run smoothly? Rental Choice contains a database of the nation's most trusted property management companies and vendors.
By using your zip code or selecting your city and state, you can find qualified management companies and other service providers in your area. Start your search today with the help of our online directory!